Schroder Investment Management Group Sells 2,235 Shares of United Microelectronics Co. (NYSE:UMC)

Schroder Investment Management Group lessened its holdings in United Microelectronics Co. (NYSE:UMC) by 0.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,582,458 shares of the semiconductor company’s stock after selling 2,235 shares during the period. Schroder Investment Management Group’s holdings in United Microelectronics were worth $23,322,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in United Microelectronics by 150.8% in the 4th quarter. JPMorgan Chase & Co. now owns 2,021,849 shares of the semiconductor company’s stock valued at $13,122,000 after buying an additional 1,215,849 shares during the period. Two Sigma Advisers LP raised its stake in shares of United Microelectronics by 314.1% during the third quarter. Two Sigma Advisers LP now owns 1,279,600 shares of the semiconductor company’s stock valued at $10,774,000 after acquiring an additional 970,600 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of United Microelectronics by 4.9% in the fourth quarter. Vanguard Group Inc. now owns 15,947,754 shares of the semiconductor company’s stock valued at $103,501,000 after purchasing an additional 750,472 shares during the period. Allspring Global Investments Holdings LLC grew its stake in United Microelectronics by 178.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 383,842 shares of the semiconductor company’s stock worth $2,506,000 after purchasing an additional 246,034 shares in the last quarter. Finally, Barclays PLC increased its holdings in United Microelectronics by 8.1% during the 3rd quarter. Barclays PLC now owns 3,205,930 shares of the semiconductor company’s stock worth $26,995,000 after purchasing an additional 240,380 shares during the period. Hedge funds and other institutional investors own 5.05% of the company’s stock.

Analyst Ratings Changes

Separately, Citigroup raised United Microelectronics from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, March 21st. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $7.40.

United Microelectronics Price Performance

NYSE UMC opened at $6.74 on Thursday. The company has a market cap of $16.89 billion, a PE ratio of 11.62, a P/E/G ratio of 4.44 and a beta of 1.20. United Microelectronics Co. has a 52-week low of $5.61 and a 52-week high of $9.00. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.76 and a current ratio of 2.19. The firm’s 50 day moving average price is $6.41 and its 200-day moving average price is $6.90.

United Microelectronics (NYSE:UMC) last announced its earnings results on Tuesday, January 21st. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.03). The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. United Microelectronics had a net margin of 20.35% and a return on equity of 12.78%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the business posted $5.30 EPS. Sell-side analysts forecast that United Microelectronics Co. will post 0.51 EPS for the current fiscal year.

United Microelectronics Company Profile

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally. The company provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. It serves fabless design companies and integrated device manufacturers.